Rae, the creator and writer behind the HBO hit "Insecure," earned an Emmy nomination for her leading role in the show. Grammy-winning Childish Gambino, also known as Emmy-winning actor Donald Glover, has hits like "This Is America" and "Redbone."

Beyonce, Jay-Z and Leonardo DiCaprio attended last year's Diamond Ball, which raised $5 million, was hosted by Dave Chappelle and featured performances by Kendrick Lamar and Calvin Harris.